Stock Update (NYSE:CB): Chubb Limited Board Will Recommend 23rd Consecutive Annual Dividend Increase To Shareholders at 2016 Annual General Meeting; Declares First Quarter Dividend

[PR Newswire] – The Board of Directors also declared a quarterly dividend equal to $0.67 per share, payable on April 21, 2016, to shareholders of record at the close of business on March 31, 2016. Dividend payments will be made in United States dollars by the company’s transfer agent. This will be the fourth installment as approved by the company’s shareholders on May 21, 2015. Chubb is the world ’s largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. Read more on this. Chubb Limited (CB) , valued at $54.14B, opened this morning at $116.73. Today’s price range has been between $116.53 and $117.99 per share and has traded between $96.00 and $119.86 over the past year. Chubb (CB) shares are currently priced at 11.72x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.34x earnings multiple for the same period. Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $2.30 per share, which would be $0.05 better than the year-ago quarter and a $0.07 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $9.91 would be a $0.15 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.73 Billion. If realized, that would be a 87.99% increase over the year-ago quarter. More recently, Sandler O’Neill upgraded CB from Hold to Buy (Jan 27, 2016). Previously, Bernstein upgraded CB from Mkt Perform to Outperform. Given all the information above, we should disclose to readers that the average price target is $126.45, which is 8.33% above than it opened this morning. See more in (NYSE:CB) Similar Articles: Company Update: ACE Limited (NYSE:ACE) – ACE Receives All Regulatory Approvals Needed to Close Acquisition of Chubb Market Update: ACE Limited (NYSE:ACE) – ACE Shareholders Approve Acquisition of Chubb Stock Update: The Chubb Corporation (NYSE:CB) – Chubb Board Declares Regular Quarterly Dividend